Coal is the world’s largest and most common fossil-based resource. Identified world coal reserves in 2005 exceeded 900 billion tonnes. Its known deposits are equivalent to 580 billion tonnes of oil, which is 3.5 times more than known deposits of oil itself. At the current rate of production, coal reserves will last for 120 years, gas for 60 years, whilst oil for 40 years only.
The majority of coal reserves is difficult and expensive to utilize because of environmental concerns and distance to traditional power markets.
All top countries with the largest coal deposits depend on oil import.
Due to its lower capital and operating costs, INFRA.xtl technology makes conversion of coal into liquid fuels in conjunction with any gasification technology, economically viable, providing a new source of clean energy and reducing respective countries’ dependence on oil.
Gas monetization solution: converting gas into synthetic oil
Coal monetization solution: converting coal into synthetic oil
Biomass monetization solution: converting biomass into synthetic oil
$ 490 million CAPEX
Oil price $ per barrel